UK - Just as the UK pensions industry is agreed that FRS17 is having a devastating effect, fears are growing that the full impact of the new accounting standard on the shortfall in British Airways' pension schemes may be even worse than initial figures revealed.
BA has closed the newer of its two schemes - the New Airways Pension Scheme (NAPS) - to new members after revealing a combined FRS17 shortfall of £394m. The Airways Pension Scheme (APS) – originall...
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